Hercules Capital Announces Tax Reporting Information for Calendar Year 2017

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the leading specialty finance company to innovative, venture growth, pre-IPO and M&A stage companies backed by leading venture capital firms, today announced the 2017 tax treatment for the Company’s common stock distributions (CUSIP #: 427096508).

Details of Distributions in 2017

The amounts shown in the table below represent the final accounting of the Company’s 2017 distributions. This information supersedes any estimated information that may have been provided during the year. These distributions were classified as follows:

    
      
        
          Record Date
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          Payable Date
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          

Total PaidPer Share

Ordinary IncomePer Share

Long Term CapitalGains Per Share (1)

Interest – RelatedDividends (2)

        
      
      
        
          3/6/2017
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          3/13/2017
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          0.3100
        
        
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          0.3100
        
        
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          0.0000
        
        
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          100.00
        
        
          %
        
      
      
        
          5/15/2017
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          5/22/2017
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $
        
        
          0.3100
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $
        
        
          0.3100
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $
        
        
          0.0000
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          100.00
        
        
          %
        
      
      
        
          8/14/2017
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          8/21/2017
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $
        
        
          0.3100
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $
        
        
          0.1510
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $
        
        
          0.1590
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          100.00
        
        
          %
        
      
      
        
          11/13/2017
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          11/20/2017
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $
        
        
          0.3100
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          0.3100
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          0.0000
        
        
           
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          100.00
        
        
          %
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $
        
        
          1.2400
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1.0810
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          0.1590
        
        
           
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          

% of Total Dividends Per Share

100.0000

%

87.1619

%

12.8381

%

(1) The Company hereby designates these distributions as amounts eligible for treatment as capital gain dividends in accordance with IRC Sections 852(b)(3) and 854(a).

(2) The Company hereby designates the above percentages of each of the total dividends by payment date as Interest-Related dividends in accordance with IRC Section 871(k).

This press release is not intended to constitute tax, legal, investment, or other professional advice. This is general information and should not be relied upon for tax purposes. Shareholders should consult their tax advisor for tax guidance pertinent to specific facts and circumstances.

About Hercules Capital, Inc.

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology, life sciences and sustainable and renewable technology industries. Since inception (December 2003), Hercules has committed more than $7.0 billion to over 390 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact [e-mail], or call 650.289.3060.

Hercules’ common stock trades on the New York Stock Exchange under the ticker symbol "HTGC." In addition, Hercules has three outstanding bond issuances of 6.25% Unsecured Notes due July 2024 (NYSE: HTGX), 4.375% Convertible Senior Notes due February 2022 and 4.625% Unsecured Investment Grade Notes due October 2022.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports we file under the Exchange Act.

The information disclosed in this press release is made as of the date hereof and reflects Hercules most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Hercules believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-looking statements for subsequent events.

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Hercules Capital, Inc.Michael Hara, 650-433-5578Investor Relations and Corporate [e-mail]